Photo: Twitter
Hero MotoCorp IT Raid: Officials Report Bogus Unaccounted Expenses Worth Crores
In recent IT raids at Hero MotoCorp premises, officials seized unaccounted cash, documents, and other evidence of bogus purchases. As per IT officials, a farmhouse in Chhattarpur worth Rs 100 crore, accommodation entries amounting to Rs 1000 crore were found. Notably, IT searches were carried out at 40 premises of Hero MotoCorp Chairman Pawan Munjal, from March 23-26. Notably, the raids were carried out amid tax evasion allegations.
Tags: Pawan Munjal, Hero MotoCorp, Tax Evasion, Delhi, IT Raids
Courtesy: The Free Press Journal
Photo: Twitter
IT-Raids At Premises Of Hero Motocorp CEO Munjal
The Income Tax officials, carried out searches at the premises owned by officials of Hero Motocorp, in various locations of Gurugram, Haryana. The IT-raids started from March 23 morning, and is underway at residence of the company's senior officials including top promotor and Chairman Pawan Munjal. Besides Munjal, premises linked to other officials of the company are also being searched over allegations of tax evasion, resulting 1.5% stock… read-more
Tags: Hero MotoCorp, Pawan Munjal, IT raid, IT Department, Tax Evasion
Courtesy: The Free Press Journal
